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Europe: BMW Launches BMW i Ventures: Heading In A New And Exciting Direction

BMW have launched their own venture capital fund last week – named BMW i Ventures, which will encompass a raft of new developments, says the iconic Munich, Germany based car maker. In addition, BMW i will launch two new vehicles: the fully electric BMW i3 – formerly known as the MegaCity Vehicle; and the BMW i8, a plug-in hybrid vehicle which provides both the efficiency of an electric vehicle, with unbeatable fuel efficiency and sports car performance.

BMW i Ventures

To achieve this, a Venture Capital company has been founded in New York City, BMW i Ventures. It will invest in and build long-term partnerships with projects which have high potential in the field of mobility services, such as MyCityWay, which Mr Robertson announced as the first strategic partnership: “As a mobile app, MyCityWay provides users with information on public transportation, parking availability and local entertainment for over 40 cities in the US. Another 40 cities will be part of the global rollout, including Munich, of course.”


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